KBC ExpertEase Defensive Tolerant - a sub-fund of KBC Horizon, strives to achieve the highest possible return by investing the funds raised in accordance with the investment policy of KBC Asset Management NV. The fund invests directly or indirectly in various asset classes, such as shares and/or equity-related investments (“equity share”), bonds and/or bond-related investments (“bond share”), money market instruments, cash and cash equivalents and/or alternative investments (including real estate as well as financial instruments related to commodity market price movements).
The target asset allocation is 30% investments in shares and/or investments related to shares (“equity share”) and 70% investments in bonds and/or investments related to bonds (“bond share”). The target allocation may deviate in accordance with the investment policy of KBC Asset Management NV. Therefore, the fund may invest in asset classes that are not included in the target asset allocation, as well as money market instruments and cash. The equity share can increase up to a maximum of 45% of the fund’s assets. The equity share is invested in a selection of shares from worldwide, regardless of region, sector or sphere. When applying the investment policy of KBC Asset Management NV, an analysis of the financial and economic development and the prospects for specific regions, sectors and spheres is made. If financial market conditions are uncertain, volatile, or both, part of the portfolio may also be converted to lower-risk investments (such as cash). If the equity share performs better than the bond share or vice versa, the investment management may use part of the portfolio to purchase additional assets of the best performing class between these two classes and to sell assets of the class with the worst results.
The focus in investment management is one and a half times more on the risk reduction than on the potential for investment growth. The more attention is paid to the risk of downward movement, the greater part of the portfolio in uncertain and/or volatile market conditions can be converted into investments with lower risk, such as cash and money market instruments. The portfolio is composed mainly of funds managed by a company from the KBC Group, based on criteria such as the transparency of the investment policy of these funds and whether their strategy is in line with the investment strategy of this fund.
|Fund type||Balanced fund|
|Fund rating||3, based on a scale from 1 (low risk) up to 7 (high risk)|
|Risk/Return Indicator||3, based on a scale from 1 (lower risk and potentially lower return) up to 7 (higher risk and potentially higher return).
A value of 3 indicates that this fund invests a larger proportionate volume in bonds and interest-bearing instruments with short term-to-maturity, than in shares.
|Legal form||Sub-fund of the Belgian Bevek Horizon fund|
|Initial subscription price||Capitalized and allocated shares of EUR 1 000 each|
|Initial offerring date||2 January 2019|
|Net asset value||Use this link and fill-in BE6307322915 in the field “Name ISIN”, so that you can check the current net asset value as of the last date of publishing, as well as detailed information in English for the respective fund.|
|Liquidity and availability||Daily|
|Custody||Custody is free of charge for units of the sub-fund that are held in a deposit account with a KBC Group company.|
|Minimum investment value||EUR 100|
|Tax-reporting and taxation||Ownership of units in KBC ExpertEase Defensive Tolerant fund is subject to reporting in the Annual Tax Return under Art. 50 of the of the Natural Persons' Income Tax Act, as the profit is not taxable.|
|Redemption fee up to a 1-month holding period||5%|
|Redemption fee after a 1-month holding period||None|
|Annual distribution fee||0.987%|
|Annual management fee||0.423%|
|Other annual fees||0.650%|
NB! The information provided does not constitute investment consultation, advice, investment research or investment recommendation and should not be construed as such. The value of units of collective investment schemes varies over time and may be higher or lower than the value at the time of investment. No profits are guaranteed and there is a risk risk that investors might not recover the full amount of their investment. It is advisable for investors to get acquainted with the specifics of the financial instruments in which they wish to invest, and to evaluate how appropriate the latter are to meet their investment goals and risk aversion before making an investment decision. Investments in collective investment schemes are not guaranteed by a government-created guarantee fund or any other type of guarantee. Full information regarding investment opprotunities and advice on the most suitable for you mutual funds, can be obtained in UBB branches.
From the links below, you can read the Annual and Six-Month Reports in English: